Manager Writes to Client to Pay Off Outstanding Overdraft Amount :
Banking Letters have to be brief, polite and to the point. All the salient figures and date must be mentioned.
Bank of Maharashtra,
3rd March - 2009
Shri S.C. Nadkami,
42 Marine Drive,
We find from our records that an overdraft sum of Rs. 5000 (Rupees five thousand only) is due from you on your Savings Account No. 9305 in our bank. It is now almost one year since the overdraft has not been cleared up.
Besides accumulation of compound interest which you suffer, we shall begin a penal interest of 5% from next month onwards. You are advised to pay off the same before our next year ending in March - 2009.
Manager Writes to Client to Pay Off Outstanding Overdraft Amount
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